COINBASE:ETHUSD has started the next leg lower which im thinking could finish around 650-700. The 88.6% retracement from the ATH.
There are other possibilities with 1200 holding followed by another rally above 2k then lower from there but as it stands it looks as though it could follow the stockmarket down as well.
Looking for a retracement to sell short again...
SP:SPX Cash market has a few gaps still to fill.
Current rally from Friday which should follow through into Tuesday due to the market holiday tomorrow.
A high percentage of times after a holiday the market is bullish so thats why im looking for that move higher to complete the pattern.
If its going to fail then it will happen between 3850-3900. 50-78.6%...
COINBASE:ETHUSD has a critical turn point today.
Its in the 50-61.8% area giving us a Sell signal on the completed Gartley on the smaller TF.
There is also a bigger Gartley setting up around the 1400 area which would mean that the AI would fail at this point but then we look at the 12th of July for the turn.
I still believe we have another move lower towards...
BINANCE:SOLUSDT is having another rally so we need to get ready to sell again.
In the 43-45 area we have the ABCD Gartley completing.
The 61.8% level from the previous high on the 31st of May.
At 44.61 we have the 382 from the May 16 high.
Getting above these levels could see a bigger correction higher but as it stands we need to keep selling the pull backs....
BINANCE:BNBUSDT is looking stronger than a lot of other cryptos.
Today we might see a rally back to 308 area before more selling into the target gartley buy area at 277.
It could be a great buying op coming up.
Intraday AI has a high coming in @ 20:30 this evening.
One to watch at that time if we are around that 307 area.
Interesting day ahead. Enjoy the day.
FTX:SOLUSD Is moving nicely today. We had a nice spike low into the first CIT window today. Now looking for a move up into 14:30 this afternoon.
If for some reason it moves lower into this time then we can expect a reversal from there to the upside.
On the longer term for this if it holds the recent low at 40 then we have anupside target of 64 completing the...
This is just pure observation. Is it me or is BINANCE:LUNAUSDT following along with BINANCE:BTCUSDT ??
As im expecting BITCOIN to drop to the high 20ks are we likely to see LUNA more than halve in value or to possibly even get down to the 40s before we get the start of the next big run.
Just a thought. Let me know what you think..
S&P500 has just hit a critical level which will decide the further movement of the market.
We have major levels coming together firstly with the ABCD down from the ATH then we have the 1.618% Extension from the OCT low to the ATH.
We are also at the - 1 Standard deviation level which is where the options guys for this week buy futures to protect thier positions...
FOREXCOM:SPXUSD Is sitting nicely to get to the expected low of 3930-3950.
But weather that hits this week or we get another rally is yet to be seen.
At this level we have the -1 Standard Deviation level which we will see a bounce shall we get there.
Also the C-D leg is a lot quicker moving to the downside which means we could see a decent bounce back to 4300...
In this post I take a look at the FX:EURUSD
Using the AI I am looking for a change in trend @ 10am. Im also looking for it to rally or drop into the time with a pattern and at a FIB level.
We are getting close to major patterns on the longer timeframe as well.
The inverted move is there as well because if it rallies into the time then its Inverted and we...
In the AUDUSD this morning we are in the later stages of a 3 Drive pattern into a 61.8% Fib level.
There hasnt been a decent retracement to sell but now im thinking this could be the start of the first retracement to take us back up to the 0.75 area and if there is a nice ABCD pattern back up then that will be the chance to flip from long to short.
Monday...
FX:AUDUSD is setting up for a Sell signal.
It has completed the upside ABCD now were looking for lower prices back down towards 0.7300.
As it stands I would like to see one more rally back above 0.7500 to give us a nice Gartley Sell pattern.
Smaller TF and AI charts to follow.
I hope this helps. 👍👍
TVC:DJI is at critical levels where we could see another move lower to 31000 if the larger pattern completes.
There could be one more move up to 35800 first before getting that move lower. Anything above 36k could mean ATHs again and a possible blow off top.
For this month the critical date is the 11th and this could see a 2 week trend into the 27th. I will...
GOLD could move in a few directions but as it stands the major pattern and cycle has it moving back down to 1800 with the chance of lower prices.
Shorter term there are multiple ABCD targets to the upside and the down.
The important date for OANDA:XAUUSD is the 6th of April, this could be a turn point that will set us on a trend for 3 weeks into the 27th.
So a...
Daily chart: Daily candle closure confirmed the break of the Parallel channel. I'm expecting a retest of the trend line. At least 100 pips cycle.
4H chart: 4 retest of the trend line. expecting a 5th retest of 50 to 60 pips. Then we can break the trend line to the down side. This will lead us to the daily trend line retest. Use your better judge.
Surf with the market.
Just the way i see it.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Referencing my previous idea on CHFJPY (actually my first ever CHFJPY analysis). The my rising flag lower bounds line got broken today and price just hit the same line (a retest) presenting me another opportunity to short.
If i had missed the trade, maybe this would be a nice zone to join the train.
If you choose to adapt this idea, please use a very tight...
I Think Gold will take a short dip worth 1390+ pips.
Agree?
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
